March 6, 2014--Comtech Telecommunications Corp. (NASDAQ:CMTL) announced
today that its Board of Directors declared a quarterly cash dividend of
$0.30 per share, payable on May 30, 2014, to shareholders of record at
the close of business on May 7, 2014. The dividend is the Company’s
fifteenth consecutive quarterly dividend. While future dividends will be
subject to Board approval, the Board of Directors is currently targeting
annual dividend payments aggregating $1.20 per share.
Comtech Telecommunications Corp. designs, develops, produces and markets
innovative products, systems and services for advanced communications
solutions. The Company believes many of its solutions play a vital role
in providing or enhancing communication capabilities when terrestrial
communications infrastructure is unavailable, inefficient or too
expensive. The Company conducts business through three complementary
segments: telecommunications transmission, RF microwave amplifiers and
mobile data communications. The Company sells products to a diverse
customer base in the global commercial and government communications
markets. The Company believes it is a market leader in the market
segments that it serves.
Certain information in this press release contains statements that are
forward-looking in nature and involve certain significant risks and
uncertainties. Actual results could differ materially from such
forward-looking information. The Company's Securities and Exchange
Commission filings identify many such risks and uncertainties. Any
forward-looking information in this press release is qualified in its
entirety by the risks and uncertainties described in such Securities and
Exchange Commission filings.
PCMTL
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